A T-account is a device or convention for organizing and accumulating the accounting entries of transactions that affect an individual account. Which of the following is/are true?
a. Increases in assets appear on the left side, and decreases in assets appear on the right side of T-accounts.
b. Increases in liabilities appear on the right side, and decreases in liabilities appear on the left side of T-accounts.
c. Increases in shareholders' equity appear on the right side, and decreases in shareholders' equity appear on the left side of T-accounts
d. all of the above are true
e. none of the above are true
D
You might also like to view...
A(n) ________ provides concrete guidance for internal decision making creating a built-in risk management system.
A. organization vision B. income statement C. code of conduct D. ombudsperson
The Supreme Court of Nevada first adopted the doctrine of strict liability in the case of Shoshone
Coca-Cola Bottling Co. v. Dolinski . Indicate whether the statement is true or false
The project manager role and responsibility that communicates with stakeholders on the progress of the project is the
A) planner and organizer role. B) decision maker role. C) monitor and controller role. D) spokesperson role.
Which of the following WBS levels is used for project authority?
A) Level 1 B) Level 2 C) Level 3 D) Level 4